Extract from the recent financial statements of Gerhana Berhad are shown below.

Income statement as at ${31}^s$ December $2023$

Statement of Financial Position as at ${31}^{ts}$ December $2023$

All sales purchases were on credit Gerhana Berhad has no long$-$term debt.

a$.$ Calculate the operating cycle and the cash conversion cycle of Gerhana Berhad for the

year $2023$ and $2024.$

b$.$ Discuss the four stages of accounts receivable life cycle.

c$.$ Float is the delay between when funds are sent by a payer to a payee, It is important to

reduce float. State FOUR $(4)$ types of floats.

$(4$ Marks$)$

$($Total: $30$ Marks$)$